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Thursday, August 25, 2011

rayloke2009blogspot: The weight of the world is on Bernanke's shoulders...

rayloke2009blogspot: The weight of the world is on Bernanke's shoulders...: The weight of the world is on Bernanke's shoulders - Yahoo! Singapore Finance
Posted by RAYLOKE at 9:48 PM

1 comment:

  1. RAYLOKEAugust 25, 2011 at 9:49 PM

    "He is the last hope of a desperate market."

    "The public has totally lost confidence in Congress to do anything coherent or useful," said Mark Gertler, economics professor at New York University.

    "By contrast, the Fed is the only major policy player that operates independently of politics and is thus just about the only government institution in which the markets have any faith," he said. "Partly for this reason and partly because of his proven skill as crisis manager, the world is looking for him to deliver."

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